Retaggio Industries IPO Date, Review, Price and Key Information

Retaggio Industries Limited IPO is a fixed price issue and total IPO size is ₹15.50 crores. The total offering consists of 50 lakh shares.

The subscription dates for the Retaggio Industries Limited IPO starts from March 27, 2025 and closing on April 1, 2025. The allotment process is expected to be finalized by April 2, 2025.

The Retaggio Industries Limited IPO is scheduled to list on BSE SME, with a listing date of April 4, 2025. The price band for the Retaggio Industries Limited IPO is ₹25 per share and lot size is 6000 shares.

Registrar for this IPO is Bigshare Services Private Limited and lead managers for Retaggio Industries Limited IPO are Gretex Corporate Services Limited.

IPO Schedule

IPO Open Date	Thursday, 27 Mar, 2025
IPO Close Date	Tuesday, 01 Apr, 2025
IPO Allotment Date	Wednesday, 02 Apr, 2025
Refund Initiation	Thursday, 03 Apr, 2025
Share credit in Demat	Thursday, 03 Apr, 2025
Listing Date	Friday, 04 Apr, 2025

Key Details

Price Band	₹25 Per Share
Lot Size	6000 Shares
Face Value	₹10.00 Per Equity Share
Total Issue Size	₹15.50 Crores
Fresh Issue	₹15.50 Crores
Issue Type	Fresh Issue
Listing At	BSE SME

Share Reservation

Investor Category	Shares Offered
QIB	0%
Retail	50%
NII/HNI	50%

About Retaggio Industries Limited Company

Retaggio Industries Limited is a prominent jewellery manufacturing company specializing in the B2B segment. We craft a diverse range of exquisite jewellery, including gold, diamond, and precious stone pieces, alongside bullion in coin and bar form. Our expertise lies in creating heritage and high-end designs, emphasizing meticulous craftsmanship and originality.

From initial design to the final product, our skilled team meticulously plans and executes every step, leveraging state-of-the-art 3D modeling to refine each detail. We are committed to sustainable practices and exceptional customer service, assisting clients in finding the perfect piece for their style and budget. Our manufacturing process involves creating molds from wax or resin models, casting in precious metals, and expert stone setting.

Established as a proprietary firm in 2012 and incorporated as a public limited company in 2022, Retaggio Industries is driven by Mr. Savinay Lodha and Ms. Nidhi Lodha. We boast a pan-India customer base, a wide product range, and a focus on quality control, customization, and timely delivery. Key financial highlights include revenue from operations of ₹23.06 crore for the year ended March 31, 2023, and a PAT of ₹3.08 crore for the same period. Our strategy focuses on operational efficiency, consistent quality, enhanced manufacturing capabilities, strong customer relationships, and increased brand awareness.

Retaggio Industries Limited Financial Details

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	03 Nov 2022	31 Mar 2021
Assets	316.88	273.69	0.50	150.23	230.02
Revenue	166.89	230.66	0.00	42.49	156.26
Profit After Tax	22.31	30.90	-0.06	4.13	5.06
Net Worth	174.81	152.70	0.04	5.29	18.66
Reserves and Surplus	8.11	5.90	-0.06	0.00	5.06
Total Borrowing	117.16	108.91	0.00	97.32	181.05

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
8.07	20.24%	39.89		40.36%	23.05%

Offer Objectives

The company is issuing 50,00,000 Equity Shares to raise funds for several key objectives, including debt repayment, working capital, and general corporate needs. The net proceeds from the fresh issue, after deducting issue-related expenses, will be allocated to these purposes.

Key Objectives:

a) Repayment/Prepayment of Certain Debt Facilities: ₹1.90 crore is allocated towards repaying or prepaying existing debt facilities, aiming to reduce indebtedness and improve the debt-to-equity ratio.

b) Working Capital Requirements: ₹11.50 crore will be used to meet working capital needs, supporting the company's operational activities and growth. The total working capital requirement is estimated at ₹41.24 crore for FY24 and ₹46.45 crore for FY25, with the balance to be met through internal accruals.

c) General Corporate Purposes: The remaining net proceeds, subject to a limit of 25% of the net proceeds, will be utilized for general corporate purposes, including strategic initiatives, brand building, and unforeseen corporate exigencies.

The issue expenses, covering issue management, marketing, underwriting, and legal fees, are estimated at ₹[●] lakhs. The company confirms compliance with SEBI (ICDR) regulations regarding firm financial arrangements, covering at least 75% of the stated means of finance through verifiable sources and internal accruals.

The fund requirements are based on internal management estimates and are subject to change based on external factors. Any shortfall will be met through internal accruals or unsecured loans. The deployment schedule spans across the financial years 2023-24 and 2024-25.